tag:blogger.com,1999:blog-5880610.post38858546041361833..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: The view from ClariumSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-5880610.post-19394879288492014872010-01-04T13:18:06.375-05:002010-01-04T13:18:06.375-05:00DB makes some nice points. Low attention to detai...DB makes some nice points. Low attention to detail in measures/data = lame conclusions.<br /><br />I would also point out that your "wages" measure is annual while your "educational costs" measure is a 1-time expense.<br /><br />I might gladly 2x my educational spend to increase my "wages" by 50%. Depending on the ratio.Anonymoushttps://www.blogger.com/profile/00268542739748996977noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-21414875301591409892010-01-02T12:18:32.045-05:002010-01-02T12:18:32.045-05:00I suppose the air smells sweet in the City, amoral...I suppose the air smells sweet in the City, amorality has its benefits.<br /><br />But you're still part of the herd LY, and that sweet smell is the smell of ordure.Ian Smithhttps://www.blogger.com/profile/06837467954881003505noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-40147035827429718132010-01-01T18:59:38.137-05:002010-01-01T18:59:38.137-05:00Anon - I am not offended or disgusted either by th...Anon - I am not offended or disgusted either by those who earn a living via tuition or by those who earn a living via legal hard-core pornography. <br /><br />However, I do not think, for me, that your comments add to this discussion. If Steve wants to exercise a bit of editorial censorship here, I think it is justified.LondonYounghttps://www.blogger.com/profile/09677529514013996419noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-79664381923321281352009-12-31T04:30:23.724-05:002009-12-31T04:30:23.724-05:00Which is more immoral? Which is more disgusting?
...Which is more immoral? Which is more disgusting?<br /><br />Making a living in large part from from tuition<br /><br />OR<br /><br />Making a living taking close up shots of rectal intercourse<br /><br />???Ian Smithhttps://www.blogger.com/profile/06837467954881003505noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-79331996052363116962009-12-30T18:20:45.626-05:002009-12-30T18:20:45.626-05:00Dave B. - I love your stuff, you are clearly a dud...Dave B. - I love your stuff, you are clearly a dude who knows what he is doing ...<br /><br />On the Clarion health care observations - the U.S. congress is busy crafting legislation that will add at least $200 bio of health care spending per year, and probabably much more. However, have the advocates of these laws suggested we'll get an increase in longevity (the favored metric) as a resultLondonYounghttps://www.blogger.com/profile/09677529514013996419noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1868837984989954542009-12-30T14:31:20.160-05:002009-12-30T14:31:20.160-05:00On human capital: over the last 30 years or so, w...On human capital: over the last 30 years or so, we've seen two pretty striking developments. The first is that within a groups with similar education, the dispersion has gone up. The second is that returns to education have gone up: the premium (in wages terms) of more education is higher than it used to be. I agree with the comment above that quality matters, too, but even in crude dataDave Backushttps://www.blogger.com/profile/11472846910681816429noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-68561769103798993412009-12-30T14:21:06.301-05:002009-12-30T14:21:06.301-05:00Dave: Thanks for the links! I've followed Heck...Dave: Thanks for the links! I've followed Heckman's work on and off over the years. I guess there are two issues I was raising with the 2nd Clarium graph -- one is how the median worker has fared in recent decades (i.e., income inequality) and the other is the human capital question (what are we getting for our high education spending?). Even if the flat median earnings result is Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-23359906394850497972009-12-29T20:50:06.508-05:002009-12-29T20:50:06.508-05:00Some of the occupations, such as professor, might ...Some of the occupations, such as professor, might be a little misleading since it clumps together physics professors & education professors, but interesting nonetheless.Unknownhttps://www.blogger.com/profile/08759718531790878976noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-34153841211846609032009-12-29T20:46:53.609-05:002009-12-29T20:46:53.609-05:00Steve, ever so often you write about careers and a...Steve, ever so often you write about careers and also IQ, so you may find this interesting. Sorry that it is a little off topic but here it is.<br /><br />There are dozens of jobs that can provide someone with an average IQ (normed @ 100) an opportunity for a middle-class lifestyle or even upper-class lifestyle, for that manner -- but getting on the right career track early on is important.<br />Unknownhttps://www.blogger.com/profile/08759718531790878976noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-46812366922592446652009-12-29T20:40:02.627-05:002009-12-29T20:40:02.627-05:00Human capital is not developed through formal educ...Human capital is not developed through formal education. Formal education, the scam Steve is a part of, has more in common with tobacco, fast food, drugs, and pornography than it has with wealth building.<br /><br />It may surprise Steve that even in the case of engineering very little of what is learned in school is ever used on the job.Ian Smithhttps://www.blogger.com/profile/06837467954881003505noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-75793988753885601182009-12-29T20:03:53.203-05:002009-12-29T20:03:53.203-05:00Before I forget, I love your blog.
On this issu...Before I forget, I love your blog. <br /><br />On this issues at hand: one of the things about economic data (maybe physics, too, I don't know) is that you have to be careful about what you're measuring. Maybe this is more than you want, but it may whet your appetite for more -- or the opposite, who knows. I'm not an expert on these particular issues, but I think the following Dave Backushttps://www.blogger.com/profile/11472846910681816429noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-75731330484008834852009-12-29T17:33:23.075-05:002009-12-29T17:33:23.075-05:00Dave: would love to hear your take on this questio...Dave: would love to hear your take on this question.<br /><br />We are clearly paying more in real terms to develop human capital. Is it working? <br /><br />Do you think median earnings have stagnated in the last 30 years? Who benefited from the significant real GDP increase over that period of time?Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-4439914377267955452009-12-29T17:20:43.024-05:002009-12-29T17:20:43.024-05:00Average wage numbers very tricky -- what's her...Average wage numbers very tricky -- what's here is more misleading than useful. If you'd like something better, let me know.Dave Backushttps://www.blogger.com/profile/11472846910681816429noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-46656005922436695632009-12-29T09:19:05.956-05:002009-12-29T09:19:05.956-05:00Japan's absence from that graph is interesting...Japan's absence from that graph is interesting.Dog of Justicehttps://www.blogger.com/profile/02066524758114994073noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-76159463208282969582009-12-29T03:31:35.565-05:002009-12-29T03:31:35.565-05:00Death to AmericaDeath to AmericaIan Smithhttps://www.blogger.com/profile/06837467954881003505noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-89484411922230777812009-12-29T03:31:19.352-05:002009-12-29T03:31:19.352-05:00The US is a shit hole. Not news to me.The US is a shit hole. Not news to me.Ian Smithhttps://www.blogger.com/profile/06837467954881003505noreply@blogger.com